International Business Theory and Practice

Order Description Identify what you consider to be the main advantages/disadvantages of free trade. Do you consider the advantages outweigh the disadvantages? consider the question from the following perspectives: Comparative and competitive advantage International institutions and world trade Barriers to trade and protectionist policies By the end of the discussion, you should: Understand the concept of free trade and how this manifests itself in the world today Appreciate the influence that international institutions have on international business Understand the practical limitations of classical trade theories The learning outcomes for this discussion are: Critically evaluate the motives for, and barriers to, internationalisation. Demonstrate understanding of current levels and trends of global trade and business. Guidelines for discussion responses: